The Electric Domestic Appliances market in Belgium has seen a moderate increase and fluctuations over the past decade. From 2012 to 2014, the market value per capita saw a slight decline, bottoming out at 86.07 in 2014. However, from 2015 onwards, the market regained momentum, peaking at 105.94 in 2017. Subsequent years showed minor volatility, with values between 94.63 and 101.05 from 2018 to 2021. The current value for 2023 stands at a steady level compared to 2022.
Recent year-on-year variations highlight small changes from 2021 to 2023, illustrating market stabilization after earlier fluctuations. Considering the period from 2018 to 2023, the market experienced a conservative compound annual growth rate (CAGR), reflecting steady demand and market resilience.
Looking ahead, future trends to watch include technological innovations in smart appliances, increasing consumer demand for energy-efficient and environmentally friendly products, and potential economic factors impacting disposable income. Forecasts suggest a stable yet cautiously optimistic market outlook for electric domestic appliances in Belgium.
How does Belgium rank in Electric Domestic Appliances Market Size Value Per Capita?
| # | 16 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 186.17 | 2023 | View data | ||
| 2 | 2 Finland | 167.04 | 2023 | View data | ||
| 3 | 3 France | 140.63 | 2023 | View data | ||
| 4 | 4 Estonia | 134.17 | 2023 | View data | ||
| 5 | 5 United Kingdom | 121 | 2023 | View data | ||
| 7 | 7 Portugal | 101.13 | 2023 | View data | ||
| 8 | 8 Ireland | 98.04 | 2023 | View data | ||
| 9 | 9 Belgium | 97.03 | 2023 | |||
| 10 | 10 Italy | 92.86 | 2023 | View data | ||
| 11 | 11 Netherlands | 87.55 | 2023 | View data | ||
